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money into the economy? they let us know the exit plan for all of this. melissa: taxpayer outrage, bankrupt city in california paying out a million dollars in pay raises. they are bankrupt. lori: and paying races? crazy town. fedex says more customers are taking a less expensive option and it is hitting the bottom line. melissa: the cyber threat hit by online hackers putting financial firms here on high alert. but first, time for stocks now. nicole petallides is standing by. stocks posted solid gains ahead of the fed decision. nicole: that is right. everybody focused on the fed about an hour away from now. very accommodated if fed, and we're watching a market hitting new all-time highs in the dow jones industrial. of almost 56 points at the moment showing you some names that hit some highs today including nativ united technolo. hitting the highest levels we've ever seen for those names and we cannot leave out verizon. the highest levels we'v we haven in over 11 years. so while the shareholders have been enjoying great dividends, they can now also note multi-year highs as well. as
food assistance to kids in this country and funding for r&d will drive our economy, but we can't appropriate a sum of money to fix the real cost of iraq. can't pay back the lives of 4,486 american men and women who have died there or the roughly 2,000 broken soldiers who came home and took their own lives. the wounded, physically and mentally, the soldiers who didn't know how not to be a soldier, the families living with a hole in their hearts and the families living with someone they no longer recognize. 10 years leaving their families, living in hell, coming home to unemployment and the homelessness, to a country that's forgotten that it's at war at all, to a country that seems to think a yellow ribbon magnet on their bumper is the only kind of support that oir troops need and the cost in iraq, untold deaths. let me rephrase that. unknown deaths. we can only guess at the destruction that we have left in our wake. 115,000 iraqis, 600,000, you can find the number, what was the long-term impact of that on the environment, the water and health? what happens when someone lives in
here. you've got the good economy. tremendous housing numbers, miraculous retail sales, terrific oil and gas markets. you have the bad economy. weakening commodity prices. slow commercial real estate business. really bad world commerce outlook. real soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's what happened today. ben bernanke allowed the averages to power higher. the s&p rising today, nasdaq jumping 7.8%. it's not sleight of hand or alchemy at work here, despite what critics say when they constantly slam the fed. >> boo! >> bernanke is not playing a game of move the stock market higher by simply continuing to keep the competition in bonds incredibly weak. he's got a real good reason for doing what he's doing which is staying the course, keeping rates low. that reason? 1937. see, ben bernanke is a rigorous guy. he's a professor. and a genuine scholar of american financial history. it's what he does best. he knows that 1937 after three years of 12% economic growth
of balance. my goal is how do we grow the economy, but america back to work? >> america doesn't really have a budget right now, it has a continual resolution, which is an extension of an earlier budget. that expires on march 27th. if government goes beyond that without a patch, they could shut down. we're supposed to have an actual budget resolution voted on and in place by april 15th, but we're way behind on that. on may 18th, we're set to hit the debt ceiling. some say that could be the showdown. i want to bring in nancy, with the "new york times." andy, let's start with you. both sides put budgets out. everybody knows that neither of these budgets are going anywhere. what happens next? >> so, essentially, we're going to go through the same sort of continuing resolution process that you have seen over the last couple years. as you pointed out these budgets are political documents. they'll probably both pass their respective houses, but there's almost no way to bridge the gap between them and they're very vague documents. again, these are kind of political postures, then we're going to go
a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work. >> america doesn't really have a budget right now. it has a continuing resolution, which is an extension of an earlier budget. that continuing resolution expires on march 27th. if congress goes beyond that without at least a patch, the government could shut down. by law, we're supposed to have an actual budget resolution voted on and in place by april 15th. but as i said, we are way behind on that. and then on may 18th, we're set to hit the debt ceiling. some say that's going to be the real showdown. annie lowry is the economic policy reporter with "the new york times." nancy cook is the economic and fiscal correspondent for the "national journal." annie, both sides put budgets out. everybody knows neither one is going anywhere. what happens next? >> eventually we'll go through the same sort of continuing resolution process you've seen in the last couple years. the budgets are political documents. they'll probably both pass their respective houses but there's almost no way to
to the forefront and that's more important. the u.s. economy, china and although there is a big idea they're stealing customer's money and savings accounts is abomination, i believe it's a different european country. entered the european union in 2008, i don't think it will be as big of a deal as people think, i think it will be on the headlines for two weeks. stuart: all right, let's see what's happening on the opening bell, upside. and i'm looking for a gain of 20, 30 points for the time they're open, 10 points higher, 14,462. nicole, let's bring you in. one of your favorite stocks, we're watching it closely. yoga pants, they say they're too sheer. in other words, you can see through them. i think that the stock is way down. nicole: it is way down. it's going to hurt their bottom line. and they're talking about bringing in the pants that are sheer. that basically is like a fall for the company, you can't have pants that are sheer. i have to admit my lululemon, i noticed recently is sheer and it's no joke and you're able to bring them back in, but it's going to hurt their revenue and bot
economy. we have strong opportunities in the energy sector, for us to see millions of jobs created in america and we need to quit stopping progress on things like the pipeline, the pipeline, we have an opportunity to build that energy economy, technology and science were two areas we're actually the champions in the world on those areas, so if we would allow for us to focus on growing our gdp, growing our economy we'd find ourselves with a strong opportunity to remain the world's super power. >> uma: coming from the chief executive, did it surprise you he would actually go on the record saying that he thought it was basically, we really didn't have a crisis to deal with? >> yeah, i think you hear democrat leaders saying there are spending problems and surprises to every american. what we should focus on as well is not only that we have the crisis from a financial standpoint. how do we solve that problem? and i look at my personal journey and met an entrepreneur who taught me out to make my way out of poverty of being in business and creating jobs. it'd be nice to have some of our f
that i actually like the economy here and have liked it ever since the fiscal cliff was resolved. sure we have some hiccups. master card saying they have degradation. dick's missed numbers yesterday. we recognize that china has got its head handed to it of late. and the united kingdom is now joining italy, france, greece, spain, and taking another step down. geez, it's ugly out there. >> the house of pain! >> i can scream every time someone asks about when the fed is going to take the punch bowl away. i wish that analogy had never been coined. but i have to now doubt -- i've got to doubt, there's no doubt, there's no doubt that there will be a tough moment for this market when ben bernanke changes his stance, even if the economy is humming. i just don't know what level that top will come from. maybe it comes from dow, i don't know, like 16,000 or what the rest of the employment picture will look like. because we do know the federal government is pulling back from job creation fast and furious. oh, by the way, i don't like that north korea just undid the hard fought armistice with south ko
at this 14,500, in that range, the economy is in better shape arguably and back then. why can't we be happy about this? >> well, we should be. our report showed this. the levels we are looking at right now, economic indicators, valuations, monetary sentiment, etc., really the only thing that looks out of mind is how far the index it is from the 50 and 200 day moving averages. dennis: where, generally, speaking in stocks, would you put money now and is it basically a bet that we keep moving higher or a bat to protect yourself from moving lower? >> leaning towards we just celebrated our fourth birthday and five of the six bull markets since world war ii that did so went on to celebrate their fifth birthday. number four was on march 9, number five will be a year from now. it is the cyclical factors that tend to lead the way. dennis: that what all kind of messed together. thank you so much for being with us. sam stovall. >> my pleasure. melissa: just a month after carnival cruise ship was stranded at the. another one is stranded. carnivals dream was wrapping up its trip when the emergency diese
in a big way, whether it is a game changer and what that means for the market and the economy and everything else. i know we'll be talking about it it at noon. >> we're going to get our last word. they can talk about it for just one second and not that long because we've only got a minute and we'll talk to henry blodget and curtis artledge. you asked a question about jc penn penney. maybe they can raise more cash, but they're running out of cash at this point. they don't have that much left. >> you have a final thought on either jc penney or more importantly, the markets? >> i think today's entire discussion has been about the early stages of confidence building and we get past these two gigantic minefields of fiscal cliff and sequester. we start to see m & a pickup and retail sales and they're willing to spend money because they're more scared about their job. we see capital expenditures and people starting to plan for them and sentiment, actually, when we talk about it i don't think there's that much complacency. people are still nervous. >> scott, it was great having you he
for a retirement crisis even as the stock market sits near highs and the economy shows improvement. host: so we're getting your take on this. your retirement andization. tell us if you are and why and if you are not, why not? it's a story in the "usa today" as well this morning confidence in retirement continues to flail about this report, because americans have to cope with many immediate financial concerns retirement is taking a backseat. only 2% of workers and a% of retirees say retirement is their most pressing issues. among other worries -- host: at least many americans have a more realistic perspective about retirement says the senior vice president of retirement and investor services at the principle financial group. host: in arkansas, a democrat, are you saving? caller: yes, i save every penny i can get my hands on. host: 401-k or how are you saving? caller: c.d.'s and bank accounts that are ensured. host: why not put it in the market? caller: i can't afford to lose it. i've seen too many people lose their behinds and with what little money i've saved all my life, i can't afford to lose
to the economy? >> i think you cannot get these kind of cuts without -- >> what cuts? i'm talking about freezing -- >> hold on. i know you're a young politician. i like young politicians more than old politicians. but whatever you are, you got to wait. because i let you go. right? let's do that. i think the answer is if you look at taking a big bite out of the jobs in the public sector, and taking away the spending that goes throughout the entire economy, that hurts growth. that's the biggest problem. i think an issue for you is i think it's great to have someone who's 23 out there running. i think that is great in both parties. we have way too many senior citizens making decisions for the rest of us. i'm with that. the question i have for you is, if you're going to go in your district, prince william counties is one of the biggest counties. >> 70,000 federal workers. >> you know where i'm going. that's the debate have. what's the largest employer there? >> 70,000 people. 1 out of every 10 people in my district works for the federal government. >> you're going to run. this is the question. you'r
is -- we've got two crisises going on. one we are in a job crisis, a slow economy, and how do you address that, austerity and cuts, spending cuts, and raising taxes, and the republicans are right about that raising taxes slows the economy, cutting spending close the economy. we are trying to deal with both of those crisis at the same time. we've got to 3.5 trillion in revenue increases and spending cuts while the economy has continued to sort of grind slowly. i think what we're looking at now, what we're hoping i think, everybody hopes both side can come together on it, again, how do we get to the 4 trillion that bowles-simpson recommended without killing the economy? and i think that's why you get both these sets of facts that are true. both side are actually right about this. now the question is -- and we've avoided killing the economy by trying to address it. jon: everybody a grows that the long-term driver of the problem are the programs like medicaid, social security. so this president doesn't have to run again. why not do something bold and tell americans, you know, if you're under
. mr. thompson: the only way to get our economy growing stronger is take an honest account of the fiscal problems we face and put forward policies to address these challenges. it's called budgeting. a fundamental part entails writing and passing a budget, something we haven't seen the senate in four years. four years, that's how long americans have had to wait for the senate to perform its most basic function as a legislative body. before today, the only thing certain was that the senate would not consider a budget. today, the senate democrats introduced a budget and i'm glad they did. it's about time. unform after reviewing their proposal, the only thing certain is that their budget will never balance. we owe the american people a responsible balanced budget. the house budget introduced yesterday, balances the budget in 10 years. the senate democrats' proposal never balances ever. a balanced budget will foster a healthier economy and create jobs, madam speaker. the american people elected us to lead and put forward solutions and not hide from the challenge and posture for
of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world intersection of budget saving opportunities with potential areas of agreement. health care reform is one. but not just by shifting the burden to seniors and disabled as the republicans propose in their fantasy budget. my home state of oregon is the middle of an exciting demonstration of how to squeeze out the waste we all know is there and realign incentives. instead of the empty ritual of pretending to repeal obamacare, let's work together to accelerate reform for all americans. if the oregon experiment works, and frankly many of these efeshencies by the way are already achieved in other parts of the country and with some private health systems, we could save more than $1.2 trillion that is the flawed sequester is suppos
since 1996 and big banks are upping outlook on the economy and we're going to bring you the real headline after the break. the opening bell is next. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> all right. so we're a little less than 50 seconds away from the opening bell. nine straight days of rallies and i've got to tell you, e-mac, the most hated, most stealthy rally in the history of the stock mar
the economy is slowly getting better. if you look, this week wasn't a real robust week in terms of data, but you did have better retail sales. you had better initial claims. today, capacity utilization at five-year highs. i think that was very impressive. so i think you continue -- we're continuing to look at about 2, 2.5% gdp. and i would say that earnings in the fourth quarter were definitely better than expected. and should we actually start to see the global easing around the world start to work, maybe your up side is on the revenue line. if margins can stay -- kind of stay where they are, i think you can have revenue acceleration over time. >> i want to get your take on what we heard this morning, rick santelli. bill miller on "squawk box" this morning. listen to what he said about stocks, talking about how that impacts the whole market. >> i think there's a lot more to go. stocks are cheap relative to bonds, and they're cheap relative to sort of the absolute levels that you'd expect, even at normalized bonds. if ten-year treasuries go to 10%, we had 6% ten-year treasuries in the 1
people, but the economy, that was a glimpse of the kinds of effects that you could create with a cyberattack. that is why it has our attention. >> that is why individual industries, and given the potential, had preemptive action today. >> senator, i think that this set some standards and goals. we have identified the correct relationships between commercial and private and government. .. i presume that you are seeing huge pressures as naval forces are withdrawn because of budget pressures, but also can you comment on the role of coast guard because even though it's not the jurisdiction i present a place of very large role, too. if the idb to push its in your al because that will degrade. >> i think i plan to grow on their life in that part of the world. we are ensuring that they hip and shoulder to shoulder. as you say with a secret regime, i occupy a seat that is before suitable combatant commanders. we didn't get much that we get just about zero now if sequestration stands. what that translates to his last year we get 150 to 200 tons of cocaine on the high seas, coast gu
this economy, the obama economy on its way back. happy. are you ready for this? are you ready, dan? a happy friday. ♪ alleluia. ♪ >> bill: friday march 15th. ♪ alleluia. ♪ >> favorite day around the full court press. it seems like this friday was a long time in coming. i don't know. maybe it's because this week -- this was a 5-day work week for me. >> appear 5-day work week >> bill: i didn't get to take a couple of days off this week. great to see you this friday. thank you for joining us here and being part of the full court press as we come to you live on current tv, as we come to you live on your local progressive talk radio station where you happen to be in this great land of ours, whether it's los angeles or chicago or asheville, north carolina or buffalo, new york or any spot in between or -- and how about madison wisconsin? didn't mean to check over that. a lot of great places. also, coming to you live on sirius xm, this hour only. lots to talk about. a lot that you are going to want to comment on. we will give you a lot of different ways to
dire longworth house office building.6%, one in 15. and the economy has changed since the 1930s but unions have not. unions don't see it that way. unions see them offer a product that is perfectly fine and the only problem is employees and lawyers aren't buying it. and to reverse its decline, not to design their offerings are making in members of more relevant to the twenty-first century workers but by making the difficult for employees and employers to define their services. this is what we have seen with the national labor relations board. and in less than three weeks forcing workers to decide in as little as 18 days. and allow them to form unions for their supporters, employees who do not decide to unionize to the side of their workplace will get unionized. not just at the board level. and organizing campaigns and unions are moving more and more towards direction to pressure an employer to accept union organizing rather than persuade union employees that a union is in their best interests and that is not just me saying that. that is the words of union organizers. consider the
, interest rates are extremely low right now. there's a lot of unused productive capacity in the economy. there is disagreement over whether you could continue to run the deficits. so, you know -- i don't want to say there's no disagreement. people do disagree over this, and that's the problem that washington hat right now. everyone says we have to cut, we have to cut. that's the problem with the murray budget. it goes way too far toward the republicans. if unfortunate the sharp debate that schumer is talking about, debate the progressive budget, which actually adds spending and stimulus against the ryan plan. >> we haven't cut spending, have we? seriously. can we at least try that and see whether or not all of this -- but that's not cutting spending. you're still spending the money, judd forestalling where you will make the payment. >> it's still growing. >> spending in this country is still growing. it's a contingent and sane argument to make that we need to address it from that side first. we gave you the $600 billion in new taxes, you want more, you want more spending. >> paul ryan w
them, even making a dessert. but one of the main economies for jewish customers is are locusts coacher? that is, does their preparation meet strict jewish dietary laws? the chef says yes. >> there is a seal. it's already kosher, so you can have a look here and see that .here is half for halal and this is the most important sign that it's kosher. >> rabbinacal opinion seems to be divided. some are against the consumption of locusts. others say it's a family adition mainly in yemeni and moroccan and jewish communities. >> since the swarm started in egypt, many people have seen this as an opportunity, especially those who deprom a tradition of eating the locusts. it brings back the memories of it and passes a tradition on to the next generation. >> the swarms are a disaster for farmers across the middle east. crops are being sprayed to try to wipe them out n. egypt, there's been 20 locust swarms in the last eight weeks. israel has even offered to spray across the border. still, some israelis are traveling to the desert to catch their own fresh supply to eat. you go early in the morning or
is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy put people back to work and if we do that we are going to be bringing in more revenue. >> chairman ryan's proposal hits some of the president's achievement such as privatization of medicare as well as obama care. he suggests cutting 124 billion from that particular program. he went on to say the responsible balanced plan is an invitation for democrats. the difference is balancing the budget sunday getting the debt on a path to be paid off so our children have a debt free nation. >> the house budget committee will be marking up its proposal today while senate budget committee chairman patty murray will be giving a plan with tax increases and 100 billion in a new jobs package. >> elizabeth prann live for us from washington. >> first degree weather update with janice dean. >> for a couple days it will feel like winter again. it will be tops see turvy. that's how march is sometimes. look at the last hooray of the form system across the central u.s. over the weekend. lake-effect snow across the great
, that reagan laid for the incredible ground work of the economy in the 1980's and 1990's. clinton helped to some extent, ut then he created and repealed glass-steagall, and everybody blames it on george bush. the conservatives who didn't do much for the letter peace, we tried to expand under karl rove, the voting process, and giving more to hispanic community, and we didn't get one increase in vote in that eight-year period so. what makes you think that we're going to give amnesty and all the set get a bunch of votes? it's fraud, and it's another really ploy by the democratic party to keep promising and benefits to everybody who will vote for them no matter what. scommoip we're going to talk about immigration in our next segment of the "washington journal" today. but we still have about five minutes left in this segment, if you want to call in to give us your take on this growth and opportunities report that was released today, or if you think hanges in the republican debates would have helped republicans in the 2012 election. a couple of other stories to point out, the front page of the
of energy conclude we can safely export natural gas, this is not even about a trade off between the economy and the environment. we can do these projects, prevents these projects will stop a lot of jobs from being created, it is not going to make a development in global emissions. it making no sense to me and the economy. neil: malia. >> i just quickly top say, i understand how we like to take things and combine themm but, i do not think that the only reason why keystone project is not happening is because, barack obama asked his agency this question, to get back to original topic, what i think is really important for us to look forward and you know neil, i don't think that anyone would disagree with you that jobs are important, the problem with laser beam focus you have a society and a lot of things that need to be focused on, laser beaming becomes narrowing, i don't think that is how we' our president or anyone in congress to just have like this one bullet silver bullet solution on what will save the u.s., that is not only thing that u.s. needs right now, we not only have a jobs problem.
the letter, fearing high-tech investors who helped build the venture capital economy will flee to lower tax states. >> the game is rigged. you can't possibly win because we have the right to change the rules after the fact. that is what is not fair. >> governor jerry brown is reviewing the situation. now these taxpayers can request a waiver if you will, david, hoping that the governor, lawmakers hammer out a deal. if no not, no reprieve, taxman comes, 120 million going to the state from about 3,000 people who thought they were helping small business. david? david: it can happen here. it is happening here in california! william la jeunesse. thanks, man. >>> disney world turning some kids away at the park gates. that story when we go "off the desk" in a just a couple minutes. ♪ your finances can't manage themselves, but that doesn't mean they won't try. bring all your finances togeth with the help of the one person who can, a certified financial planner professional. cfp -- let's make a plan. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports th the launch of
? >> it used to be a stock market was a direct barometer of america and america's economy. that is not necessarily the case anymore. main street malaise and frustration is valid. wall street, particularly talking about the dow jones industrial average, talking about the 30 biggest companies in this country, that move is valid as well. these guys are getting profits from outside of this country. the world can't get enough products from ibm. caterpillar 70% of the its business outside of this country. parent company of kentucky fried chicken, they don't care what happens here, the news from china better be good or their stock goes up and down. anywhere near all the cylinders that we could fire on and american public knows there and obviously they're very frustrated by it. martha: what do we have to do to get growth cooking back in this country again, charles? >> i got to tell you, i don't know over the next four years we will have the exact gameplan we need to be quite frank with you. there is different agenda out there controlling things, anti-business, anti-success agenda.
. >> with a could that even mean for the economy, balancing it by 2023 would be great. but i read a piece this morning, mentioning that it would be great 'cause it would ease fears of future tax, so more companies would begin investing a bit more and consumers potentially would start consuming more as well. >> brian: by the way, senator warner and senator dick durbin cote say we need entitlement reform. before the charm offensive, you never got that. >> steve: but it's got to be significant. not just around the edges. that's where the fight comes in. meanwhile, 12 minutes after the top of the moment with the way, paul ryan will be joining us live coming up at 8:30 eastern time on your channel for news. >> straight strait from the horse's mouth. >> brian: good job. tick him off, good move. coming up straight ahead. >> steve: we are cutting our defense budget, but increasing our humanitarian missions in third world countries. where are the nation's priorities added? >> and he got $2 million of stimulus money to create green batteries. one problem, they haven't stimulated a thing. where did
. the longest winning streak since 1992. a lot of this is due to signs of an improving economy. yesterday we got a report showing weekly jobless claims fell, and this isn't just the dow. the s&p 500, a much broader index with 500 different stocks instead of 30 in the dow is within two points of its record high. and of course, the fed keeps pumping money into the economy every single month. $85 billion worth of money so there are all of these things lined up to push the dow higher. because of the rally there are a lot more millionaires in this country right now. spectrum group says nearly 400,000 new millionaires were mentioned last year. tally them up and there are 8.9 households with net worth over $1 million. so what's the secret? how did they get there? well, spectrum says these are people who buy stocks, they stayed in the market during the recession when less wealthy investors, people quite frankly in financial turmoil, had to bail out. and remember, warren buffett always says be greedy when ears are fearful and fearful when others are greedy. clearly 400,000 new millionaires minted in the
for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that we're going to be bringing in more revenue. if we control spending and we've got a smart entitlement package, then potentially what you have is balance. but it's not balance on the backs of the poor, the elderly, students who need student loans, families who have got disabled kids. that's not the right way to balance our budget. >>brian: you were doing good until the last line. if you want to reform entitlements, all of a sudden you don't like the poor, the elderly, people with special needs, then all of a sudden you can't talk anymore. these are entitlement programs that need to be reformed in a way that will be sustainable. you don't have to vilify people that come up with plans. come up with your own plan. for him to say i'm not going to balance the budget just to balance the budget, did he get anything out of the dinner from last week? >>steve: how many times in the campaign did we hear from the democrats we've got to have a balanced approach where everything is balanced, except when
spontaneous recording and projecting of something seen in the modern world. that economy also spreads to the devices he uses, which bring the spectator of his works into the game. "i recognize that. i know that that's very up to date. i understand it. i am modern like the artist." and it's that interplay that he generates between the spectator and his audience that is very, very modern. (narrator) the painter of montmartre's decadence had an aristocratic start. born in 1864, henri raymond de toulouse-lautrec came from a noble and distinguished family-- count raymond of toulouse had helped capture jerusalem in the first crusade. henri's branch of the family came from the red-brick city of albi in the south of france. henri grew up in a world of chateaus and privilege in a family living on the fruits of its noble past. but a france governed by the middle class was losing its taste for nobility. like many aristocrats, his father alphonse retreated into rural pastimes-- riding and hunting. an eccentric, he looked wistfully back to the family's glorious past. alphonse had married his first
in a down economy. she goes to protest along with her seven-year-old daughter and her husband. mrs. hart begins reading from the constitution, county assessor and the appraiser hired by the county tell her to stop. as she was leaving the meeting, she called a pencil pusher and he was irate. and took her license number and when the harts got home they were waiting and claiming she threatened to shoot up the county building. she was arrested and charged with terroristic threats. >> i never made a threat. i never used the word gun, i never spoke of the word gun in a sentence. i never said second amendment. my focus was on my property rights and the dispute against the property assessment. >> reporter: keep in mind there were others at the meeting, but apparently only the appraiser hired by the county heard the threat. we contacted the county and they gave us the statement saying, quoting, here, the county assessor has never experienced this type of extreme behavior from a taxpayer. the police were notified because the asi representative, that's the appraiser, perceived the resident's state
on the annual event. >> it really brings a lot of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth, ktvu channel 2 news. >>> uc students hoping to earn degree credits online may not be able to after all. university of california faculty leaders announced their opposition to legislation that would allow public college students to earn credits online. the bill would allow students who can't get into overcrowded classes to take similar online courses from outside institutions. >>> state where sheman tom amemiano introduced legislation that would make policing cannabis laws the responsibility of california alcoholic bench control. it would provide a structure for medical cannabis cultivation, processing, testing and desc
of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth, ktvu channel 2 news. >>> uc students hoping to earn degree credits online may not be able to after all. university of california faculty leaders announced their opposition to legislation that would allow public college students to earn credits online. the bill would allow students who can't get into overcrowded classes to take similar online courses from outside institutions. >>> state where sheman tom amemiano introduced legislation that would make policing cannabis laws the responsibility of california alcoholic bench control. it would provide a structure for medical cannabis cultivation, processing, testing and description. >>> a few light showers
the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says the issue of gun control is a personal one for her. as you know,
-buying stimulus continues to help the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says
the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out rich russian who have accounts in cyprus. or indeed they now felt that people had to pay their part of the pain. but it was not done in ireland. it was not done in portugal. it was not done in greece. and with the prospect of possibility of spain and italy, you can see -- i cannot find, michael and suzanne, i cannot find one economist or banker that i've spoken to today that says this was a good idea. everybody agrees it was a pretty awful policy. >> let's bring in alison. i want you to weigh-in on the conversation here. we're looking at the u.s. markets. looks like it's down by eight points or so. what is the impact do you think in the united states? >> it's actually come back a long way, hasn't it? >> michael, it really has. you saw the knee-jerk reaction right when the bell opened the dow dropped as much as 110 points. obviously it's com
industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. 's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gerri: if you are looking for a free checking account these days, chances are, you are probably not going to find it at your local bank, percentage of offering free, no strings attached has dropped, down 26%, will the trend continue, should you consider a credit union instead. mcbride is joining me now with details, you have a lot of great numbers here. so you do the mag, it looks like credit unions offer the better deal. >> they used to run neck-and-neck, but banks, and the availability of free chec checking has dropped. and credit union its has dropped just a hair, more than 70% of largest credit unions still offer a stand alone free checking. gerri: you can get around the bank fees if you have a big enough balance. >> if you h
will harm, not help our economy. that's why i'm reaching out to republicans and democrats to come together around a balanced approach, a smart, phased in approach to deficit reduction, that includes smart spending cuts and entitlement reforms and new revenue and that won't hurt our middle class or slow economic growth. and if we do that, then we can move beyond governing from crisis to crisis to crisis and we keep our focus on policies that actually create jobs and grow our economy and move forward to face all the other challenges we face from fixing our broken immigration system, to educating our kids, to keeping them safe from gun violence. and few pieces of business are more important for us than getting our energy future right. so here at argon, and other labs around the country, scientists are working on getting us where we need to get ten years from now, 20 years from now. today, what most americans feel first when it comes to energy prices or energy issues are prices that they pay at the pump. and over the past few weeks, we saw, we went through another spike in gas prices, people a
spending $85 billion a month to stimulate the economy. he's putting money into the system, which is helping the stock market. and he's keeping interest rates low until the unemployment rate gets to 6.5%. a lot of folks are looking at this particular mix of factors and saying, the stock market could go -- excuse me. could go higher here. i'm speechless. >> i had to admit, i had no idea where you were going with "fargo." when you brought it together there. i like many men, are obsessed with the phone wars going on now. there's a huge announcement today. >> the samsung galaxy s-4 is released today. this is a food fight for the smartphone world. a lot of people are saying, if samsung could get some cool in this phone, the android market is huge. samsung and apple have been fighting over their share of this market. and look at the advertising of these companies, by the way. and you can see that samsung are 4 billion in estimated annual advertising. look at how that compared all of the other, like big names that you know. they're spending a lot of money to be sure you know their phones are cool.
to get our economy moving again? republicans want to balance the budget. the president doesn't. republicans want to solve our long-term debt problem. the president doesn't. we want to unlock our energy resources to put more americans back to work. the president doesn't. but having said that, today was a good start. and i hope that these kinds of discussions can continue. >> he says it's a good start. doesn't sound like such a good start to me. >> no. >> maybe he has a different definition. >> well it sounds like he is still in the middle of the campaign. i think, look. the republicans injure that room blaming the president for being too political. and john boehner is out there saying that the president doesn't want to create jobs or reduce the deficit. of course he does. they all want to do that. the question is, as dana points out earlier, how do you get there? and they there are at this moment where they all know what they have to do. it is just that each side has to be willing to get its political base angry. the president has to be willing to tell democrats that we're goi
of 2023, the economy will be at a crawl. we will have $8 trillion added to the debt. >> in a trip to a national laboratory outside of chicago, the president made a number of very light-hearted comments about the impact of the sequester. the speech went on to focus on the energy proposal. >> those who have chairs, lease feel free to sit down, everyone was standing and i thought...the laboratory, you know, an effect of the sequester, you had to...get rid of chairs. glad we got you chairs. >> as you mention two different tones, the speech coming on the heels of a rare three day visit to capitol hill where he reaped across party lines to encourage compromise. >> back to you. >> now, because another bombshell in the benghazi story this morning. perhaps the white house hoped the story had gone away but it turns out that we were wondering, why haven't we heard from any of the survives? why not hear from the press? we only hear from hillary clinton and high level officials, why have we not heard from the survivors who were there at the consulate when this unfolded? this only we could have
a balanced budget just for the sake of balance. my goal is, how do we grow the economy, put people back to work. >> paul ryan responded by mocking the the idea of a charm offensive. >> that didn't sound too charming to me, i guess i would say. it didn't come across as terribly charming to me. but, you know, look, we're used to this. >> democrats spent the day trying to point out the flaws in ryan's budget math, which depends on savings from higher taxes in the fiscal cliff deal, closing unspecified tax loopholes, and also counts savings from the president's health care plan, which ryan continues to promise that he wants to repeal. >> it's creative at best and fraudulent at worst. >> it's a hoax. it's totally phony to say, in the same breath, that they've presented a balanced budget and that they are repealing obama care. the math doesn't add up. >> and in an interview with cnbc's larry kudlow, ryan appeared to admit that he is depending on health care reform to achieve his balance. >> the likelihood of getting repeal this year is very, very, very low. does it blow a hole in your ten-yea
the economy. >> i have never thought about that. so recently in addition to the national cells as well it amplifies the ability to make money. >> and local insurance company may want something more origiregional as opposed to national. >> apple being one of the losers. >> the wall street journal reports it says it is better than tsam saw sung. >> for apple to take out an ad in the wall street journal it is not what steve jobs with done. >> it seems in the day one of jobs was at the helm we did not hear so much bad press or there wasn't so much grumbling about apple. now it seems post jobs more and more of these types of articles are coming up on wall street. >> they have to come up with a new product has to be a $5 billion product. >> those not come out easily if they have to pull out something. watches are $60 million market. it will probably be a watch. there will probably build cheaper phones in their earnings growing. by the end of the month they may have a massive stock buyback. >> next is gold. i have been holding back even though the press kept going up. i almost tried to buy so
and now cyprus? >> it's a little tiny island economy that it really, i mean the dow was whipsawed yesterday in this country because we're watching what happens there. all of these cracks in europe very important to the u.s. stock futures right now are up. dow futures are up 30 points. this tiny country bears watching this morning. the problem is going to sound familiar to you. if cyprus doesn't get a bailout, it could go bankrupt, exit the euro-zone and lead to financial instability at exactly the wrong time for the world economy. the plan to fix the problems there include slapping a fee on bank deposits in the country. we complain about bank fees here. this is one major bank fee. they voted this bank fee down and now a bailout of the country is in jeopardy. here's what they were thinking of. if you get a bank account with $129,000, you would have been taxed $8,700, gone. taken right out of your account just like that. the people in cyprus protested and rushed to withdraw their money. look at the protest lines at the banks. any bailout needs to come with strings attached and the r
jobless numbers stay about the economy. it's happened again. another carnival cruise ship in trouble. what's happened this time? >>> the markets are due for a correction at some point. but right now in early trade, the dow is looking to extend its recent winning streak to ten days, the last time it was up nine days in a row was 16 years ago. taking a live look at the big board, the dow is up 59 at 14,514. the s&p also just a few points away from its record close. right now, it is up 5 at 1516. the nasdaq is also up 10. now, the main reason for today's surge of the stock market, the labor department says the number of new jobless claims hit a five-year low last week. the government reports new claims fell to 332,000. that's down 10,000 from the week before. it's also down almost 13% since november. the drop shows fewer layoffs are creating new strengths in the job market. >>> a dream becoming a nightmare for another group of cruise ship passengers. ktvu's pam cook is in our newsroom now to tell us about more problems for carnival cruise shrine. >> about one month after that engine fire on t
on the down and with the new jobless numbers -- and what the new jobless numbers stay about the economy. it's happened again. another carnival cruise ship in trouble. what's happened this time? >>> the markets are due for a correction at some point. but right now in early trade, the dow is looking to extend its recent winning streak to ten days, the last time it was up nine days in a row was 16 years ago. taking a live look at the big board, the dow is up 59 at 14,514. the s&p also just a few points away from its record close. right now, it is up 5 at 1516. the nasdaq is also up 10. now, the main reason for today's surge of the stock market, the labor department says the number of new jobless claims hit a five-year low last week. the government reports new claims fell to 332,000. that's down 10,000 from the week before. it's also down almost 13% since november. the drop shows fewer layoffs are creating new strengths in the job market. >>> a dream becoming a nightmare for another group of cruise ship passengers. ktvu's pam cook is in our newsroom no
definitely. >> reporter: which means this beautiful i the fate of the european and perhaps world economie nick schifrin, abc news, cyprus. >>> all right, statue of liberty which was shut down after hurricane sandy set to reopen in time for fourth of july. the statue itself survived the , bulad sits badly d. making it uoritor repairs should be compl summer trav >>> after a relentless final few weeks of winter, we are pleased to report that spring arrives. at 7:02 eastern time. just a few hours from now. as abc's ginger zee reports it's welcome news for the northeast after another major winter storm. >> reporter: it is like a broken en plows down. shovels out and that familiar sound. spring is just hours away yet nowhere in sight. >> so much for the groundhog, huh? i think he got that one wrong. >> it's ridiculous. we are tired of it. >> reporter: so is judy. >> i still have snow banks like this. it is not going away. we are all miserable. >> reporter: she had to close her bakery for the first time ever. thanks to the snow >> tims no bad. this year it is constant. >> i'm sick of
's arsenal. in the meantime he said that the u.s. will keep the toughest sanctions in place on iran's economy. >>> a subatomic particle discovered last summer is looking like an elusive higgs boson. on thursday the scientists made the breakthrough announcement about the so-called god particle that experts say gives mass to all other particles in the universe. particles were detected during experiments in the large hadron collider on the swiss/french border. >>> no budget break-through after the president met with lawmakers on both sides of the aisle but parties are scrambling to avert a government shutdown later this month. meanwhile, democrats have unveiled their budget blueprint that could see a full senate vote next week. >>> a full speed ahead on the tsa's plan to allow small knives on board. passenger planes. the agency head told the house homeland security committee on thursday that he is, in fact, standing by that proposal, despite growing backlash. >>> now to wall street. cnbc's mary thompson has the latest from the new york stock exchange on this friday. good morning to you, mary. >>
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